If you’ve lived in the same house for years, your home has likely undergone some changes. You may have started or raised a family, taken on new roles, or updated the space. Various lifestyle changes can actually impact your homeowners insurance, requiring an update to your policy. Use the following guide to make sure you’re getting the best rate and carrying optimal coverage.

How to Know When to Update Your Homeowners Insurance

1. You’ve Made Big Purchases

Homeowners policies tend to cover theft or damage of items inside your home. If the value of any of your items has changed, call your agent. A new piece of furniture or replacement appliance shouldn’t make a major impact, but adding a jewelry collection or pricey artwork may leave a gap in your coverage. You may want to purchase a new policy or supplemental insurance to make sure you’re taken care of.

2. You’ve Remodeled

Homeowners insurance also covers the structure of the home. A fully remodeled space is likely worth more than the outdated version, so you may want to increase your coverage. This will ensure that all losses are covered in the event of a disaster, like a fire or lightning strike due to extreme weather.

3. You’ve Adopted a Pet

Homeowners insurance is often what provides coverage if a pet bites someone on your property. Make sure you have enough coverage if you have a furry friend in your home. Check with your provider before deciding to adopt a pet in case your policy carries extra fees or breed restrictions.

4. You’ve Quit Smoking

Smokers tend to be riskier to insure since there’s a higher chance of fire or smoke damage to the house. If you or another family member recently quit, call your agent to see if it lowers your monthly premiums. While it could only be a small change, it will add up over time.

5. You’ve Added a Security System 

An alarm system can improve security around your home, making it less risky to insure. If you’ve added security features like extra locks, video systems, or fire and smoke alarms, call your provider to see if you qualify for a discount. You may save significant money on premiums.

 

If you’re looking for new homeowners insurance options, call Robert Rung Insurance. This insurance agency provides an array of policies, including home, auto, life, disability, and supplemental insurance to residents throughout Lincoln, NE, and the surrounding areas. Their team works with a variety of providers to help clients find the best rates and most efficient coverage. To see a full list of options or to speak with an agent, go online or call (402) 483-2279.